RE:Jerome Hass on BNN - looking for Normal Course Issuer Bid
Hass is right on the money. Once the immediate M&A pipeline has concluded, if the stock remains cheap, management should announce buybacks either through the NCIB or SIB mechanisms. Would even be happy to see them take leverage up a bit in order to fund buybacks at these levels given how stable I believe the business is and how cheaply they have been able to acquire financing. I recently told this to CFO Richard Bear; anyone on this Board who speaks with him or IR head Kettina Cordero should convey this viewpoint as well.